Coraid Obtains $25,000,000 Series B Financing

  • Feed Type
  • Date
    11/15/2010
  • Company Name
    Coraid
  • Mailing Address
    101 S El Camino Real San Clemente, CA 92672
  • Company Description
    Coraid redefines storage economics with its breakthrough line of EtherDrive storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and 5-8x price performance advantage over legacy storage. Designed from the ground up for virtualization and simplicity, Coraid solutions have been deployed by over 1100+ customers worldwide.
  • Website
    http://www.coraid.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $25,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    This Series B investment positions Coraid for rapid growth in the coming years, and enables us to accelerate the development of new disruptive technologies. Most importantly, the new funding enables us to provide enterprise-class support to our customers worldwide, and help them take full advantage of Ethernet SAN technology.
  • M&A Terms
  • Venture Investor
    Menlo Ventures
  • Venture Investor
    Allegis Capital
  • Venture Investor
    Azure Capital Partners

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